KARACHI: Unpredictable political scenarios and international crises have kept the Pakistan Stock Exchange (PSX) under dull conditions. After the opposition has submitted the no-confidence motion, the PSX delivered disappointing results.
After a day-to-day basis closing, the KSE-100 index closed at 42,878.35 points after losing 388.62 (0.9 per cent) points. A 4.5pc decrease was recorded in the trade volume, dropping to 226.1 million. The trade value dropped to $39.9 million after a $13.3pc drop.
The rise in coal prices in the international market heavily affected the cement sector. The low quarterly earnings of the National Bank of Pakistan have kept the banking sector under pressure.